a16z Wallets Deploy $24M Into HYPE on Hyperliquid

a16z suspected wallets moved 24 million USDC into Hyperliquid over the past 20 hours and are executing TWAP purchases of HYPE.

The same group ranks as the largest institutional holder after routing 259 million USDC through more than 100 wallets since March to acquire and stake 4.035 million HYPE at an average price of $64, now reflecting roughly 29 million dollars in floating profit at current levels.

Price sits at 71.42 with the 50-EMA at 66.48 acting as concrete support and the 200-EMA at 58.93 marking deeper structural backing; while the upper Bollinger band at 76.85 offers short-term volatility resistance and RSI at 57.1 remains neutral, the MACD death cross at 2.21 suggests a healthy retracement toward the 50-EMA before continuation in this HYPE price prediction setup.